Galloway Offers Brazilian Multi-Manager Hedge Fund

May 2 2007 | 1:19pm ET

Sao Paolo, Brazil-based Galloway Emerging Markets has begun trading in its Galloway Brazilian Multi Manager Equity Fund, an equity long/short and long-only fund of funds focused on the Brazilian equity market. In its first four months, the fund is up some 12.7%, with about US$1.1 million in assets under management.

Galloway said the fund is intended to capitalize on Brazil’s favorable growth and liquidity compared to other Latin American countries. “For example, looking at the political side, we can not compare Brazil to Venezuela, Bolivia, Equator or Argentina,” the firm said. “In those countries, there is a high possible risk of populism. On the other hand, Brazil has been in a convergence route for the past 12 years with orthodox fiscal policy, growing foreign trade and floating exchange rate.”

Other factors that influenced Galloway include low inflation levels that support a continued reduction in real interest rates, a return on equity above domestic borrowing costs and Brazilian equities that are trading at a discount to other emerging markets.
 
The fund allocates 60% of its portfolio to long-only managers, with the balance geared toward long/short managers. Its underlying managers manage an estimated $9 billion in total assets.
 
The new offering charges a 1.5% management fee and 10% performance fee, with a minimum investment requirement of US$100,000 with subsequent subscriptions of US$25,000.

Galloway’s principals, Nathan Shor and Guillermo Bauder, founded the firm last year.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.